Professor's seventh such award recognizes his role in the development of the country's currency board system

ByHub staff report

/Published
June 7, 2019

Steve Hanke, a professor in the Department of Environmental Health and Engineering, has been awarded his seventh honorary doctorate. He was recognized by D.A. Tsenov Academy of Economics in Svishtov, Bulgaria, for his pioneering currency board scholarship and his success in designing and implementing Bulgaria's currency board system.

Image caption: Steve Hanke

Known as the Father of the Bulgarian currency board, Hanke in July 1997 implemented the currency system that stopped hyperinflation in Bulgaria. He has been an adviser to the presidents of Bulgaria and played an important role in establishing new currency regimes in that country and several others.

To conclude the celebration of his honorary doctorate, in April he delivered a lecture at the Tsenov Academy titled "World Hyperinflations: The Bulgarian Episode."

At Johns Hopkins, Hanke is also a co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise.